Power stock engaged in the business of providing services for the construction and commissioning of electricity transmission and distribution systems jumped upto 5 percent in the day’s trade following 80 percent jump in Net Profits and forming new JV for expansion purposes.
Price Action
With a market capitalization of Rs. 297 Crores, the shares of Kay Cee Energy & Infra Limited were trading at Rs. 271 per equity share, up 1.31 percent from its previous day’s close price of Rs. 271.
Half Yearly Results
Its revenue from operations half yearly grew by 57 percent YoY from Rs. 24.12 Crores in H1FY24 to Rs. 37.86 Crores in H1FY25 and it declined by 6 percent HoH from Rs. 40.33 Crores in H2FY24 to Rs. 37.86 Crores in H1FY25.
Its net profit half yearly grew by 80 percent YoY from Rs. 2.78 Crores in H1FY24 to Rs.5 Crores in H1FY25 and it grew by 33 percent HoH from Rs. 3.75 Crores in H2FY24 to Rs. 5 Crores in H1FY25.
JV Approval
The Board of Directors of Kay Cee Energy & Infra Limited has considered and approved the formation of a Joint Venture company between the Company and Jost’s Engineering Company Limited to execute EPC Projects in the Power sector and to do business in the Renewable energy sector.
Recent Work Order
Kay Cee Energy & Infra Limited recently received work orders worth Rs. 22.48 Crores from Rajasthan Rajya Vidyut Prasaran Nigam Limited for Up-rating and refurbishment of existing 132 kV lines using HTLS conductor with associated works in Jaipur EHV network.
About the Company
Kay Cee Energy & Infra Limited is engaged in the business of providing services for the construction and commissioning of electricity transmission and distribution systems by undertaking engineering, procurement, and construction (EPC) works.
Written by: Bharath K.S
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